| Show OF MUNICIPAL OWNERSHIP PLAN ADVANCE FIGURES FOR FOB THEIR STAND according to tile the figures submitted to the san juan record by the town board of monticello the people of monticello would benefit greatly by the installation of a municipal light and power plant they allege that the citizens of monticello who use water and light or power are subject to frequent annoying interruptions interruptions because of the 20 year old inadequate system the ado advocates ad cates of the plan further state that any profits that way may accrue go into the pockets of the few f owners who operate the system and own the plant they allege you have no equity in the company or the plant and nothing to show for the money you have spent under the proposed plan of tu municipal ownership the follows following figures are given to show how t the pub lie will benefit under the new system the government will make an out light gift of 27 COU tile the government will loan at 4 per cent interest time allowed for repayment 30 years you continue to pa the same aate j abc atc for an improved service say the I 1 i sponsors of the project from a new i and better plant equipment and system the annual revenue i it is said the coot cat of operation and I 1 would be 2400 leaving a surplus to repay the loan of q 2600 60 0 ai it only 2000 a year were used for this thi purpose pur nose the loan would ic he en paid off in the 30 years allowed and a reserve fund could be set up amounting amo to if 2400 a year was paid on the loan it would be wiped out in 20 years and tile the reserve at the end of hat period would amount to the fhe compilers of the sieve alve i ir ah T 1 bijj i say th tl a at t ifie in either it fi f er case when wen the loan was paid off the citizens of monti 1 ello rello r would own the entire plant and system it it ii alfered or that patrons would I 1 I 1 have ia re received dived letter better service from the i ev e v plant and system and would not lave paid a cent more I 1 it R is said the profits from frem the re rei I s BI V fund would be in one of three ways 1 1 in town improvements 9 2 in reduction of taxes 3 in lower rates for your ser service vire the town board insists thesel these benefits would not wo into the pockets of a few individuals because the citizens would be the owners of the plant chev also aiso yge y ge that citizens j of monticello get back of the new municipal plan and so benefit in I 1 many ways |
